The check is for U$21K +.
2006-08-24 05:15:07 · 7 answers · asked by Mark L 1 in Business & Finance ➔ Personal Finance
FYI ... Checked with WAMU, and they're still holding the check even though I can show them an account printout showing the check has cleared. I'm planning to file a complaint with the Office of Thrift Supervision (ots.treas.gov). Grrr ... Thanks, everyone!
2006-08-27 10:34:34 · update #1
The check will clear within a day,
but the bank will put a hold on it, usually at least 5 days. They make a profit off of the interest for this time.
2006-08-24 05:20:44 · answer #1 · answered by Kutekymmee 6 · 0⤊ 0⤋
Well, it will process in about 24 hours, but it is very likely that your bank will put a hold on all or part of that money for up to 10 days. You should call your bank and ask them what their hold time is. If you are a long term customer or are used to depositing checks of that amount or if you have enough in the account to match that amount, you might be fine.
2006-08-24 05:17:25 · answer #2 · answered by personal_finance_101 3 · 1⤊ 0⤋
My bank puts a hold on large out of state checks, I have had to sign a paper that says the bank is holding it for 14 BUSINESS working days. IMHO just a way for them to collect interest
2006-08-24 05:22:56 · answer #3 · answered by Amy S 4 · 0⤊ 0⤋
Some banks put a hold on it for 5 business days due to the amount. I would call the bank asap and ask.
2006-08-24 05:21:16 · answer #4 · answered by Caroline H 5 · 0⤊ 0⤋
Check with your Florida bank (a phone call will do) since they may have some very specific rules re check cashing.
2006-08-24 05:21:03 · answer #5 · answered by kearneyconsulting 6 · 0⤊ 0⤋
Banks that use Check21 procedures for clearance will clear in a few hours at most and many will clear (or not!) almost immediately.
2006-08-24 05:18:04 · answer #6 · answered by Bostonian In MO 7 · 0⤊ 0⤋
normally five working days
2006-08-24 05:18:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋